U.S. Department of the Treasury Releases Joint Policy Statement and Principles on Voluntary Carbon Markets

WASHINGTON – Today, U.S. Secretary of the Treasury Janet Yellen, Department of Agriculture Secretary Tom Vilsack, Department of Energy Secretary Jennifer Granholm, Senior Advisor for International Climate Policy John Podesta, National Economic Advisor Lael Brainard, and National Climate Advisor Ali Zaidi announced the publication of a Joint Statement of Policy and new Principles for Responsible Participation in Voluntary Carbon Markets (VCMs), which have the potential to play an important role in channeling private capital to drive decarbonization efforts. Since Day One, President Biden has led and delivered on the most ambitious climate agenda in history, including securing the Inflation Reduction Act, the country’s largest-ever investment in climate, and taking executive action to cut emissions across every sector of the economy.